In a bid to stem the coronavirus outbreak from spreading more widely, at least 19 provinces, municipalities and regions in China have told businesses not to resume work before Feb. 10 at the earliest.
At least 19 provinces, municipalities and regions in China have told businesses not to resume work before Feb. 10 at the earliest.
Last year, those parts of China accounted for roughly 80% of national GDP, and 90% of exports, according to CNBC calculations of data accessed through Wind Information. A man rides a bike though an almost empty Nanjing Road, usually a busy commercial street, in Shanghai, China, on Wednesday, Jan. 29, 2020.The majority of China's growth hubs have delayed the resumption of business by at least a week as the country tries to control the spread of a new coronavirus that has killed more than 200 people.have told businesses not to resume work before Feb. 10 at the earliest. That's according to publicly available statements from the governments.
Last year, those parts of China accounted for roughly 80% of national GDP, and 90% of exports, according to CNBC calculations of data accessed through Wind Information. As a result, these delays in getting back to work could have a significant impact on the growth and international trade of what is now the world's second-largest economy.
Morgan Stanley economists estimated earlier this week that if the Lunar New Year holiday was extended by a week nationwide, January and February industrial production could be hit by as much as 5 to 8 percentage points.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China sees deadliest day yet as global virus outbreak fears mountA total of 38 deaths have been reported in the past 24 hours alone, bringing the number of fatalities to more than 170. The World Health Organization is considering declaring the latest novel coronavirus outbreak a global health emergency.
Read more »
Wall Street slides on China virus concerns, Facebook earningsThe main U.S. stock indexes are on course for their second weekly declines as the death toll from China’s epidemic climbed to 170, spreading to over 15 countries, disrupting global travel and leading several companies to suspend operations in China
Read more »
WHO declares China virus outbreak an international emergencyThe World Health Organization declared on Thursday that the coronavirus epidemic...
Read more »
WHO declares global emergency over China virusThe declaration of a global emergency triggers recommendations to all countries aimed at preventing or reducing cross-border spread of disease, while avoiding unnecessary interference with trade and travel.
Read more »
WHO declares global virus emergency after deadliest day for ChinaThe World Health Organization on Thursday declared a global emergency over the deadly coronavirus spreading from China, after the Asian giant reported its biggest single-day jump in the death toll. The UN health agency based in Geneva had initially downplayed the threat posed by the disease, which has
Read more »
WHO declares global emergency as China virus death toll reaches 170The WHO director-general Tedros Adhanom Ghebreyesus declared a public health emergency of international concern over the global outbreak of the coronavirus
Read more »